Health Firms Odyssey, Mobia Fall After $454 Million IPO Haul

Odyssey Therapeutics Inc. signage during the company's IPO at the Nasdaq MarketSite in New York.

Photographer: Michael Nagle/Bloomberg

A pair of healthcare companies ended their trading debuts lower after raising a combined $454 million in their initial public offerings.

Odyssey Therapeutics Inc. shares sank 8.8% after the biopharmaceutical company raisedBloomberg Terminal $304 million in an upsized US IPO and private placement.